$595,000
0.50 Acres
Land
Listing Office: Netter Real Estate Inc
Is East Islip, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, East Islip has remained a Buyer's Market.
Key Takeaway
East Islip is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Islip, NY
How much do homes in East Islip, NY cost?
Median Sold Price
$665,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$97,500(+17.2%)
Key Takeaway
Homes in East Islip have sold for 17.2% more than they did a year ago.
Summary: The median home sold price in East Islip was $665,000 in November 2024, up 17.2% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $232.5K | $338.2K | +45.5% |
| 2 Bedrooms | $377.5K | $488.5K | +29.4% |
| 3 Bedrooms | $555K | $667K | +20.2% |
| 4 Bedrooms | $645.5K | $765K | +18.5% |
| 5+ Bedrooms | $696.5K | $783.5K | +12.5% |
Summary: East Islip housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Neighborhoods
| East Islip | $567.5K | $665K | +17.2% |
| Great River | $840.5K | $950K | +13.0% |
| Islip Terrace | $532.5K | $600K | +12.7% |
| Town of Islip | $539.8K | $600.6K | +11.3% |
| North Great River | $597.5K | $625K | +4.6% |
Housing Supply in East Islip, NY
How many homes are available in East Islip, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 36 | -10.0% |
Summary: The East Islip real estate market had 36 homes for sale in November 2024, a 10.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 14 | 16 | +14.3% |
| 4 Bedrooms | 11 | 7 | -36.4% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The East Islip housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Islip, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in East Islip in November 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for East Islip, NY
How long does it take to sell a home in East Islip, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 90 Days | 21 Days | -76.1% |
Summary: Homes in East Islip had an average of 21 days on market in Nov 2024, down by 76.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Islip are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in East Islip; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.